June 17, 2009 (FinancialWire) — F.N.B. Corp. (NYSE: FNB) has completed its public offering of 24.15 million shares of common stock at $5.50 per share for net proceeds of around $125.8 million.

The total of shares sold included 3.15 shares of common stock purchased by the underwriters in the exercise of their over-allotment option, which was exercised in full.

company CEO Stephen J. Gurgovits said that the capital raise, “positions us to take advantage of growth opportunities, both organic and through acquisitions, due to market turmoil.” He added that it would allow the company “the flexibility to consider the repurchase of $100 million of preferred shares issued under the Capital Purchase Program.”

Hermitage, Pennsylvania-based F.N.B. is a financial services company with total posted assets of $8.5 billion as of March 31.

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